SEO Version
Stamford Tyres Corporation Limited
Annual Report 2013
77
Notes to the Financial Statements
30 April 2013
(In Singapore dollars)
P
ERFORMANCE
S
TEERING
FOR
21.
Cash and cash equivalents (cont’d)
Cash and cash equivalents are denominated in the following currencies:
Group
Company
2013
2012
2013
2012
$’000
$’000
$’000
$’000
Ringgit Malaysia
8,350
5,516
–
–
Hong Kong Dollars
4,985
2,077
–
–
Singapore Dollars
4,906
1,997
218
255
India Rupee
3,922
77
–
–
United States Dollars
2,990
1,435
1
6
South African Rand
2,552
2,440
–
–
Chinese Renminbi
1,866
1,036
–
–
Thai Baht
1,545
1,034
–
–
Others
1,579
1,319
–
–
32,695
16,931
219
261
Cash at bank earns interest at floating rates based on daily bank deposits rates ranging from 0.01% to 5.00%
(2012: 0.03% to 4.45%) per annum.
Fixed deposits are made for varying periods between 7 to 30 days and the effective interest rate on the fixed
deposits approximate 0.20% to 3.00% (2012: 0.18% to 0.52%) per annum.
22.
Trade payables
Trade payables are denominated in the following currencies:
Group
2013
2012
$’000
$’000
Chinese Renminbi
6,469
4,721
United States Dollars
5,509
3,457
Ringgit Malaysia
3,511
3,673
Singapore Dollars
3,226
2,761
Australian Dollars
1,566
967
Thai Baht
1,536
2,060
Indonesian Rupiah
1,159
947
South African Rand
858
845
Others
820
679
24,654
20,110
These amounts are non-interest bearing. Trade payables are normally settled on 120 days terms.
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